Retailers having a hard time following a xmas season of heavy discounts! 2CentView is that Hard wall retailers will continue to struggle against the Amazons of the world.
Best Buy does look a bit oversold here
$BBY Implied 5Y growth of 4% (px=27.2) FV currently at 45 BUT Earnings will be revised down need to send update
$DXNS FV=38 Long term this could recover to it’s previous highs – entry point could be around Fair Value if you like the stock.
$DEB (Debenhams) FV=76
Above 50, $DXNS looks expensive.
Been long from 24 when Comet went bust and FV=35, taking half profit at 42. Holding the core position, looking for long term (3 years) recovery. Their business is tough with tight margins, high volumes, cost and efficiencies are key and any loss making units should be sold.
– MVAL=35 still, but consensus view may take time move up to more like 40. Will look to buy back at 35!
bt at 24p just after comet demise and play on sweeping their business and success restruct need to remodel
…will sell other half of my posn t 40 ..if u long at 24 sell some here